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Which of the following balance sheet items generally takes the longest time to convert to cash? Question options: marketable securities accounts payable inventory accounts receivable
Which of the following balance sheet items generally takes the longest time to convert to cash?
Question options:
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marketable securities |
|
|
accounts payable |
|
|
inventory |
|
|
accounts receivable |
Expert Solution
Marketable securities are the most liquid.
Then comes accounts receivable and accounts payable in liquidity
Then inventory
so inventory take sthe longest time to convert to cash
Answer : Inventory
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